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07 Dec 2016 | 11:51 PM
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Equity Research Report: Religare Morning Digest

Technically, Nifty is trading close to the lower band of the declining channel formation in which it was trading from March’15. Hence, down side seems limited and possibility of bounce cannot be ruled out.
21 Jan 2016 | 07:00 AM

    Highlights for Today
 
Market Outlook for the day -Technically, Nifty is trading close to the lower band of the declining channel formation in which it was trading from March’15. Hence, down side seems limited and possibility of bounce cannot be ruled out.
Key Indices – Levels to watch out for the day
INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 24450 24220 24062.04 23850 23670
NIFTY 7420 7350 7309.30 7240 7180
NIFTYBANK 15300 15120 14935.50 14750 14530
NIFTYIT 11140 11030 10910.50 10800 10690
News -
  • UltraTech Cement consolidated net profit rose 36.48% to Rs 545.92 crore on 4.39% rise in total income to Rs 6240.96 crore in Q3 December 2015 over Q3 December 2014.
  • L&T’s Korean joint venture firm has bagged a Rs. 3,115-crore order for construction of a new Ganga bridge in Bihar.
 
    Trading/ Investment Ideas
Technical Calls
Company
Name
Recommendation CMP Initiation
Range
Stop
loss
Target Time
Frame
MARICO BUY 226.10 224-225 218 240 3-5 Days
ONGC SELL JAN FUT 214.20 218-220 225 205 3-5 Days
 
Derivatives Call
Company
Name
Recommendation CMP Initiation
Price
Stop
loss
Target Time
Frame
NIFTY BUY 7250 PE 54.80 50 0 120 3-5 Days
 
Fundamental Picks for delivery ( 9 Months - 1 Year)
Company
Name
Recommendation CMP Initiation
Range
Target
NDL BUY 123.75 150 183
Note – For our running recommendations and past performance, please click here
Research Disclaimer
 
Regenerate OTP
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